facebookRecently I have just created the DBS Multiplier account, should I transfer all my money from the Saving account to the Multiplier account? - Seedly

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Anonymous

15 Feb 2020

Saving Hacks

Recently I have just created the DBS Multiplier account, should I transfer all my money from the Saving account to the Multiplier account?

What is the best course of action? Is it wise to pour all my funds from my savings account into the DBS Multiplier account? If no, what should be my allocation?

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Yes, you would need to transfer, wether its all or partial would be dependent on the interest tier that you can get. Based on the new revision, one category + salary credit, you can transfer up to 25k. If you are able to hit more than one category, you can transfer up to 50k. The rest, you can consider another high yield saving account. https://www.dbs.com.sg/personal/deposits/bank-e...

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